Renters in New York and Washington could pay upward of $200 more annually if Amazon splits its new headquarters between the 2 cities

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Amazon is reportedly considering splitting its new headquarters, HQ2, between neighborhoods in Queens, New York, and Arlington, Virginia.
An analysis conducted by Zillow in April found that if the new campus were built entirely in New York, then annual rents in the area could be as much as $204 higher than Zillow's estimates for rents without the new offices.
Zillow's base case called for a 1% decrease in New York's median rent of $2,401 for 2019. When accounting for the so-called Amazon Effect, which would most likely be diluted if Amazon were to split its new...Read more ...

Renters in New York and DC could pay upwards of $200 more annually if Amazon splits its new headquarters between the 2 cities

Amazon is reportedly considering splitting its new headquarters, HQ2 , between Long Island City, New York, and Crystal City, Virginia, just outside of Washington, DC.
If the new campus is built in New York, rents in the area could rise 0.7% next year, up from a projected 1% decline, according to an analysis conducted by Zillow in April.
That translates into about $17 more monthly, or $204 annually, on New York's median monthly rent of $2,401.
In the Washington, DC, area, Amazon 's headquarters could drive up rents by 1.1%, or twice as fast as the rate projected without a new Amazon...Read more ...